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RolandDeschain
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Post subject: It's too bad oil profits aren't higher  Posted: Thu Dec 20, 2012 3:08 pm |
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Joined: Fri May 01, 2009 8:39 am
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Location: Kirkland, WA
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Sports Hernia
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Post subject: Re: It's too bad oil profits aren't higher Posted: Thu Dec 20, 2012 10:54 pm |
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Surely you jest, I was told on this very forum that oil companies only made 8 cents a gallon profit by some ultra right winger............who heard it from Fox News Channel so it has to be correct!!!!!!!
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RolandDeschain
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 1:21 am |
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Joined: Fri May 01, 2009 8:39 am
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I don't know how much they make a gallon, but either way...Goddamn, that's a lot of money the Saudi royal family has made. : /
Pretty annoying that they have the world by the short and curlies.
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SonicHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 3:58 am |
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RolandDeschain wrote: I don't know how much they make a gallon, but either way...Goddamn, that's a lot of money the Saudi royal family has made. : /
Pretty annoying that they have the world by the short and curlies. But the government investing in American companies to make reliable renewable energy and erase the profits of these Saudi grade-A assholes is baaaadddd!!!
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RIP ROAD WOES 12/2/2012
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peachesenregalia
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 6:16 am |
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Joined: Sun Jun 14, 2009 6:29 am
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Sports Hernia wrote: Surely you jest, I was told on this very forum that oil companies only made 8 cents a gallon profit by some ultra right winger............who heard it from Fox News Channel so it has to be correct!!!!!!! I mean, whether that's true or not, 8 cents a gallon profit is actually a crapload of money. 55 gallons to a barrel, millions of barrels a day, that adds up to.......y'know, a lot. Doesn't sound so far-fetched to me when you consider the cost of production and the massive taxes on gasoline and stuff. still ridiculous. I've no sympathy for the oil companies whatsoever.
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kidhawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 9:27 am |
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Location: Anchorage, AK
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RolandDeschain wrote: I don't know how much they make a gallon, but either way...Goddamn, that's a lot of money the Saudi royal family has made. : /
Pretty annoying that they have the world by the short and curlies. Well of course, they don't tolerate environmentalists blocking development over there. It's free flowing. We could stop being reliant on middle east oil in 10 years or so if we put our minds to it, but that won't happen as long as we have the environmentalists suing at every new drill operation and pipeline proposed in this country.
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12evanf
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 10:05 am |
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kidhawk wrote: RolandDeschain wrote: I don't know how much they make a gallon, but either way...Goddamn, that's a lot of money the Saudi royal family has made. : /
Pretty annoying that they have the world by the short and curlies. Well of course, they don't tolerate environmentalists blocking development over there. It's free flowing. We could stop being reliant on middle east oil in 10 years or so if we put our minds to it, but that won't happen as long as we have the environmentalists suing at every new drill operation and pipeline proposed in this country. Dollars to donuts when we really run low on oil a new technology will be released that allows travel without the use of crude oil. The timing will be perfect because the patent already exists and is waiting for such an occasion.
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RolandDeschain
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Post subject: Re: It's too bad oil profits aren't higher Posted: Fri Dec 21, 2012 10:13 am |
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SonicHawk wrote: But the government investing in American companies to make reliable renewable energy and erase the profits of these Saudi grade-A assholes is baaaadddd!!! We already have this, it's called "nuclear power", and your liberal BFFs spend billions blocking new plants from being built.
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SmokinHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 02, 2013 11:43 am |
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Joined: Thu Apr 30, 2009 9:29 am
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Location: Not Umatilla, Oregon
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Sports Hernia wrote: Surely you jest, I was told on this very forum that oil companies only made 8 cents a gallon profit by some ultra right winger............who heard it from Fox News Channel so it has to be correct!!!!!!! Ah yes, the hubris of the broke and/or underemployed. The margin on gas is about 8% for the oil companies. It's hardly highway robbery. They make tons of money because they sell tons of product and are highly diversified conglomerates heavily vested in the services sector as well.
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Sports Hernia
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 02, 2013 8:44 pm |
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SmokinHawk wrote: Sports Hernia wrote: Surely you jest, I was told on this very forum that oil companies only made 8 cents a gallon profit by some ultra right winger............who heard it from Fox News Channel so it has to be correct!!!!!!! Ah yes, the hubris of the broke and/or underemployed. The margin on gas is about 8% for the oil companies. It's hardly highway robbery. They make tons of money because they sell tons of product and are highly diversified conglomerates heavily vested in the services sector as well. You don't know what the fuck you are talking about. First is was 8 cents a gallon now it's 8%? I'm sure that big oil feels safe knowing you got their back!
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SmokinHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 02, 2013 9:44 pm |
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Sports Hernia wrote: SmokinHawk wrote: Sports Hernia wrote: Surely you jest, I was told on this very forum that oil companies only made 8 cents a gallon profit by some ultra right winger............who heard it from Fox News Channel so it has to be correct!!!!!!! Ah yes, the hubris of the broke and/or underemployed. The margin on gas is about 8% for the oil companies. It's hardly highway robbery. They make tons of money because they sell tons of product and are highly diversified conglomerates heavily vested in the services sector as well. You don't know what the fuck you are talking about. First is was 8 cents a gallon now it's 8%? I'm sure that big oil feels safe knowing you got their back! When did I say it was 8 cents a gallon?  Jesus man, you don't even know where to direct your vitriol, do you?
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Feel free to contact me if you need legal assistance. I have a great lawyer that helped me with an ex who violated my privacy and kept harassing me on MySpace and Facebook. He's very good. And there is legal precedent. - linuxpro
He is hold back the legion of boom - skater18000
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Shock2k
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 02, 2013 9:51 pm |
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Joined: Wed Dec 26, 2012 3:38 pm
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You are both right, Don't believe that 8% garbage. They make a lot more than that. Oil companies couldn't get a away with gouging though, unless you want to call gouging greater increase in supply and no desire to increase production. http://www.economist.com/node/21551484? ... ef412227be
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DTexHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Thu Jan 03, 2013 8:56 am |
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Interesting chart: http://energyalmanac.ca.gov/gasoline/margins/index.phpand opinion: http://jb-williams.com/4-25-06.htm"Who is getting rich at the gas pumps? For starters, many average Americans who hold stock in the oil companies, either directly or indirectly through their 410k or mutual fund. But the fact is, the gross profit margin for a gallon of gas in America today, is what it has always been, on average, .08 cents per gallon, (2.5% at $3.00 per gallon). Though retail gas prices fluctuate with crude prices and supply vs. demand, the gross profit margin per gallon remains roughly the same at all times. (No evidence of price gouging here.) However the federal government profits approximately .59 cents per gallon through gasoline taxes, 7 ½ times or 750% that of the oil producers themselves and 20% of the price at the pumps. Pay attention here, Washington liberals are attacking oil companies for their 2.5% gross profit margin, while Washington is profiting 20% per gallon. Democrats answer? Tax some more? If oil companies cut their profit margins by 50%, it would drop the price of a gallon of gas by only .04 cents per gallon. If Washington law makers cut their take by 50%, gasoline would cost .30 cents per gallon less. If the federal government didn’t tax gasoline at all, the price per gallon at the pumps would be $2.40 per gallon instead of $3.00 per gallon and the oil companies would still be at a respectable 2.5% gross profit margin. Who is gouging whom?"
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12evanf
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Post subject: Re: It's too bad oil profits aren't higher Posted: Thu Jan 03, 2013 9:49 am |
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DTexHawk wrote: Interesting chart: http://energyalmanac.ca.gov/gasoline/margins/index.phpand opinion: http://jb-williams.com/4-25-06.htm"Who is getting rich at the gas pumps? For starters, many average Americans who hold stock in the oil companies, either directly or indirectly through their 410k or mutual fund. But the fact is, the gross profit margin for a gallon of gas in America today, is what it has always been, on average, .08 cents per gallon, (2.5% at $3.00 per gallon). Though retail gas prices fluctuate with crude prices and supply vs. demand, the gross profit margin per gallon remains roughly the same at all times. (No evidence of price gouging here.) However the federal government profits approximately .59 cents per gallon through gasoline taxes, 7 ½ times or 750% that of the oil producers themselves and 20% of the price at the pumps. Pay attention here, Washington liberals are attacking oil companies for their 2.5% gross profit margin, while Washington is profiting 20% per gallon. Democrats answer? Tax some more? If oil companies cut their profit margins by 50%, it would drop the price of a gallon of gas by only .04 cents per gallon. If Washington law makers cut their take by 50%, gasoline would cost .30 cents per gallon less. If the federal government didn’t tax gasoline at all, the price per gallon at the pumps would be $2.40 per gallon instead of $3.00 per gallon and the oil companies would still be at a respectable 2.5% gross profit margin. Who is gouging whom?" Well that sucks. I'm paying $9 in taxes everytime I fill up my gas tank. That seems way too high. Washington's state tax added with the Federal tax is is $0.559/gal. This is all from Wikipedia. Quote: Then-Secretary of Transportation Mary Peters stated on August 15, 2007 that about 60% of federal gas taxes are used for highway and bridge construction. The remaining 40% goes to earmarked programs.[5] However, revenues from other taxes are also used in federal transportation programs.
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MontanaHawk05
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 09, 2013 5:09 pm |
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sutz
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 09, 2013 5:28 pm |
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12 Myths that Conservatives believe about Progressive values would be a more accurate title. 
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MontanaHawk05
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 09, 2013 6:07 pm |
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Always trying to complicate things.  _________________ GO HAWKS!!! Visit my Seahawks blog at 17power.blogspot.com!Follow me on Twitter at @17power
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SonicHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Wed Jan 09, 2013 6:29 pm |
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Chevron, Exxon, BP and Shell all are in the top ten in the world in profit.
These companies don't need tax breaks to operate and grow, regardless of the percentage.
How much would you like a 4% raise?
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MontanaHawk05
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Post subject: Re: It's too bad oil profits aren't higher Posted: Thu Jan 10, 2013 5:21 pm |
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SonicHawk wrote: Chevron, Exxon, BP and Shell all are in the top ten in the world in profit.
These companies don't need tax breaks to operate and grow, regardless of the percentage.
How much would you like a 4% raise? I'd love that. It'd perfectly make up for the tax hit I just got. _________________ GO HAWKS!!! Visit my Seahawks blog at 17power.blogspot.com!Follow me on Twitter at @17power
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SonicHawk
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Post subject: Re: It's too bad oil profits aren't higher Posted: Thu Jan 10, 2013 5:32 pm |
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How about if we took some of those breaks we gave those poor oil companies and gave it to teachers and the school systems? Seems like a better solution than letting them stockpiling money.
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